🏡 June 2024 Luxury Real Estate Market Update & Trends for Westwood – Century City 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Westwood - Century City 🌟
🔻 Avg Sales Price: $2.68 million, 📉 down 30%
🔼 Avg List Price $3.48 Million, 📈UP 4%
🔻 Properties Sold: 12, 📉 down 12%.
🔻 Days on Market: 23 📆, 📉 down 50%.
🔼 $/Sq FT: $1,101, 📈UP 1%
Unlock the hidden wealth in your Westwood Century City property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Westwood or Century City? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Welcome to our June 2024 luxury real estate market update for the Westwood and Century City areas of Los Angeles. These neighborhoods are known for their sophisticated living, combining the charm of residential tranquility with the buzz of urban amenities. Nestled close to the prestigious Beverly Hills, Westwood and Century City offer a perfect blend of luxury, convenience, and vibrant lifestyle. Let’s dive into the latest trends and statistics for this dynamic market.
Market Overview
As of June 2024, the average sales price in Westwood - Century City has seen a significant change. The average sales price is now $2.68 million, reflecting a 30% decrease compared to previous months. This shift presents a great opportunity for potential buyers to enter the luxury market at a more accessible price point.
On the other hand, the average list price in these areas has increased by 4%, now standing at $3.48 million. This indicates that sellers are optimistic about the market's potential and are pricing their homes to reflect the premium value of this location.
Properties Sold and Market Time
In June, a total of 12 properties were sold in Westwood - Century City, showing a 12% decrease compared to the last 90 days. Despite this dip, the market remains competitive, with properties moving quickly.
The average days on market (DOM) for homes in these neighborhoods is currently 23 days, marking a significant 50% decrease. This swift market time highlights the high demand and the desirability of properties in Westwood and Century City.
Price Per Square Foot
The average price per square foot in Westwood - Century City has seen a slight increase of 1%, now at $1,101. This steady rise showcases the enduring value and appeal of homes in these upscale areas.
Why Westwood - Century City?
Westwood and Century City are ideal for those seeking a luxurious yet convenient lifestyle. With close proximity to Beverly Hills, these neighborhoods offer access to high-end entertainment, dining, and shopping. They are perfect for anyone who wants to enjoy the best of Southern California living while being surrounded by top-tier amenities and beautiful surroundings.
Unlock the Hidden Wealth in Your Property
Curious about your home equity or thinking of buying in Westwood or Century City? Our team of expert real estate agents is here to provide you with the insights you need. We can guide you through the various opportunities within these neighborhoods to help you make the best decision for you and your family. Contact us at 📱 310-777-6342 for personalized advice and detailed market analysis.
Bottom Line
Westwood and Century City continue to be prime locations for luxury real estate, offering a unique blend of urban convenience and residential charm. Whether you're buying or selling, understanding the current market trends and leveraging expert insights is crucial. Connect with a knowledgeable real estate agent to navigate this prestigious market and make informed decisions.